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Celer cBridge Broadens Horizons with OCEAN Support for Oasis Sapphire’s Ecosystem

source-logo  blockchainreporter.net 10 October 2023 11:49, UTC

In a significant move towards advancing blockchain interoperability, CelerNetwork has announced its latest integration with Ocean Protocol’s OCEAN on the Oasis Sapphire mainnet. The announcement was made via a tweet from CelerNetwork, stating, “Celer cBridge is excited to announce that we now support Ocean Protocol’s OCEAN! Users are now able to bridge OCEAN between Ethereum and Oasis Protocol’s Sapphire mainnet to help facilitate Ocean Protocol’s Predictoor on Oasis Sapphire!”

CelerNetwork, known for its blockchain interoperability solutions, has been at the forefront of enabling a seamless user experience across various blockchain ecosystems. With the integration of Ocean Protocol’s OCEAN, users will now have the capability to bridge this utility token between Ethereum and Oasis Sapphire, unlocking a host of possibilities for the Ocean Protocol ecosystem.

A Gateway to Blockchain Interoperability

CelerNetwork is a blockchain interoperability protocol that has gained recognition for its mission to provide a one-click user experience for accessing tokens, DeFi platforms, GameFi applications, NFTs, governance tools, privacy solutions, and more across multiple blockchain networks. Developers can harness the power of the Celer Inter-chain Message SDK to build inter-chain-native decentralized applications (dApps) with ease.

These dApps can enjoy benefits such as efficient liquidity utilization, coherent application logic, and shared states across different blockchain platforms. Meanwhile, users of Celer-enabled dApps will experience the simplicity of a single-transaction user experience while accessing the diverse multi-blockchain ecosystem.

The Celer cBridge, which has been operational since its launch in July 2021, stands as a decentralized and non-custodial asset bridge supporting over 170 tokens across more than 40 blockchains and layer-2 rollups. It functions as a multi-chain interoperability platform, allowing users to bridge assets and send arbitrary messages instantly and at a low cost. This bridge has become an essential component for users and developers looking to navigate the intricate landscape of cross-chain scenarios, opening up a world of possibilities for blockchain enthusiasts.

Empowering Data Ownership and Exchange

Ocean Protocol’s OCEAN token holds a special place in the world of blockchain as it is utilized for data curation and the buying and selling of data. Its unique tokenomics model disburses the token supply over time, promoting both short-term growth and long-term sustainability. OCEAN is designed to increase in value as its usage volume rises, making it a key asset within the Ocean Protocol ecosystem.

OCEAN tokens are deployed on the Ethereum mainnet, and the smart contracts for Ocean’s functionality are also deployed on the Ethereum mainnet, as well as several other Ethereum Virtual Machine (EVM) compatible networks. With the integration of OCEAN into CelerNetwork’s cBridge, users can now easily access and utilize this utility token across different blockchain networks, enhancing the reach and utility of Ocean Protocol’s ecosystem.

The partnership between CelerNetwork and Ocean Protocol marks another milestone in the journey toward true blockchain interoperability. As the blockchain industry continues to evolve, collaborations like this will play a crucial role in expanding the possibilities of what can be achieved across blockchain networks, ultimately benefiting users and developers alike.